Tag: business rates

Business Rates Review launch coincides with rise in Empty Shop numbers

Posted on 17 March, 2015 by Kirsten Kennedy under Business News

Last year, the Government announced a review into the business rates system after widespread calls for an overhaul of commercial property tax. This week, the long awaited review has finally been launched and the results are expected to be announced in time... Read More

Don’t miss out on Business Rates refunds urges Commercial Property Specialist

Posted on 2 March, 2015 by Chris Grigorovsky under Business News

Business rates are currently subject to widespread calls for reform, as highlighted by the recent open letter to the Chancellor from Hammerson boss David Atkins, which describes the system as anachronistic, opaque and no longer fit for purpose. In... Read More

Hammerson Boss joins calls for Business Rates reform

Posted on 19 February, 2015 by Cliff Goodwin under Business News

The chief executive of Britain’s third largest listed property company has written an open letter to the Chancellor claiming the current business rates system is no longer fit for purpose. David Atkins, chief executive of development and investment... Read More

Which Ten Occupiers pay the highest Business Rates in London?

Posted on 20 January, 2015 by Cliff Goodwin under Business News, Top Properties

The Home Office is paying more than £12.5m a year in business rates on its London headquarters, according to Valuation Office Agency (VOA) figures. The Ministry of Defence also earns a place in the capital's top ten rate payers. The remaining eight... Read More

Mary Portas criticises Government for “Slow” Shop Action

Posted on 17 December, 2014 by Kirsten Kennedy under Business News

The Autumn Statement has been largely welcomed by retail bodies, with the much awaited review of business rates the icing on the cake of a programme of funding initiatives for small businesses. However, this week “high street guru” Mary Portas has hit out... Read More

Rochdale introduces new Scheme to tackle High Street Vacancy Rates

Posted on 9 December, 2014 by Kirsten Kennedy under Business News

Although the Chancellor has promised a review of the business rates system in the UK, towns remain concerned at the level of empty stores on their high streets in the meantime. However, Rochdale in the North West has made the decision to take matters into its... Read More

Chancellor confirms Business Rates Review

Posted on 4 December, 2014 by Neil Bird under Business News, Industry News

As widely anticipated the Chancellor used his Autumn Statement to confirm a review of business rates administration, following repeated calls from business and property groups to take action. The British Property Federation (BPF) recently published a... Read More

Small Businesses to benefit from Autumn Statement

Posted on 3 December, 2014 by Kirsten Kennedy under Business News

It appears that this year’s statement will see the prayers of small businesses answered as the Chancellor intends to deliver a package of funding plans designed to aid SMEs. George Osborne is expected to announce the extension of a number of policies... Read More

Business Rates U-Turn Welcomed

Posted on 27 November, 2014 by Cliff Goodwin under Industry News

Fears that reforms to the business rates appeal procedure would only generate more bureaucratic red tape have been eased by an apparent Government U-turn. In an open letter, the Department for Communities and Local Government (DCLG) has now... Read More

High Court Rules Owners Liable For Business Rates

Posted on 25 November, 2014 by Cliff Goodwin under Business News

Property owners are legally responsible for business rates owed by a tenant who has ceased trading, the High Court has ruled. The precedent came with the court's rejection of an appeal by Schroders Exempt Property Unit Trust (SEPUT) that it could not be... Read More